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Assume that Yellowgum Ltd raised an annual provision for annual leave for $78,960 and that, by the end of the year, the following annual leave had been taken by staff:
9 staff members had taken their four weeks leave for the year
3 staff members had taken three of their four weeks leave for the year
1 staff member had taken two of their four weeks leave for the year
1 staff member had not taken any leave at all.
Assuming all of the weekly entries to raise the provision were complete, what would the balance of the Provision for Annual Leave account be at this time?
Enter whole dollars only, no dollar sign, no comma. Round up or down to the nearest whole dollar if required.
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